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Defense Watch: Share Buybacks, Abraham (Cyber) Accords, Polar Drones

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New Share Buybacks. Northrop Grumman last Thursday announced a new $500 million accelerated share repurchase of its common stock during the second quarter that is incremental to previously planned repurchases. The accelerate share buyback is being done under the company’s existing share repurchase authorization, which has about $2.5 billion remaining. Northrop Grumman says it still plans to return more than 100 percent of its free cash flow to shareholders through dividends and stock buybacks this year. CACI International last week…

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